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Remuneration for Dummies |
Payroll Management for the Rest of Us |
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Loan Module Details
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The Payroll Management Software provides a unique feature for handling the applications
for loan proposed by the employee.
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In this software, the company can specify in beginning,
the different types of loans
that can be sanctioned to the employees along with the interest
rate and the necessary documents required to be submitted. |
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Maximum Loan amount for each type is also specified in advance. |
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When the employee applies for a particular loan, those details are entered
in the "Loan Application form" where it automatically calculates the MONTHLY INSTALLMENTS on the basis of
the loan amount, interest rate, and the loan period at the touch of a button. |
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For security purpose only an authorized person can sanction
the loan and make disbursements. |
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